Morning Call

The Federal Reserve kicks off its two day policy meeting today, with investors pricing in a more than 88% chance of a 75 basis point rate hike. Former Fed Vice Chairman Roger Ferguson explains what to expect. Plus, the chip sector remains in focus for Wall Street this week as several names report Q3 results. Fitch Ratings’ Jason Pompeii breaks down the names to watch. And, stocks are gearing up for a new trading month after October’s big bounce. New Street Advisors Group’s Delano Saporu and J.P. Morgan’s Joyce Chang discuss how they’re playing the markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tech stocks are looking to shake off a rough week, with shares of some of the sector’s biggest players sinking on earnings and losing more than $250 billion in combined market value. Arete Research’s Rocco Strauss and Cleo Capital’s Sarah Kunst give their thoughts. Plus, with just over one week until the midterm elections, Wall Street is watching for updates on the attack on Nancy Pelosi’s husband, as well as growing concerns over Elon Musk’s Twitter takeover. Stifel’s Brian Gardner breaks down the latest. And, it’s another busy week for earnings, with nearly a third of the S&P 500 reporting this week. The Glenview Trust Company’s Bill Stone and Pivotal Advisors’ Tiffany McGhee discuss what this means for the markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Chevron and Exxon are set to report third quarter earnings as the energy rally continues. Barclays’ Jeanine Wai breaks down what to expect. Plus, Amazon and Apple told different stories with their earnings reports last night. Laffer Tengler Investments’ Nancy Tengler and Tigress Financial Partners’ Ivan Feinseth wrap up a big week for tech. And, the major averages are wrapping up a volatile week of trading. Chantico Global’s Gina Sanchez and Evans May Wealth’s Lizzie Evans discuss the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Meta shares are plunging after the company reported a second straight quarterly revenue declined and warned of another drop in the fourth quarter. GlobalData’s Cyrus Mewawalla explains what this means for Apple’s earnings today. Plus, Q3 GDP is expected to rebound despite ongoing worries of a 2023 recession in the U.S. Former Council of Economic Advisers Acting Chairman Tomas Philipson gives his thoughts on the global outlook. And, stocks are coming off a mixed session, with earnings once again serving as the main catalyst for Wall Street. Miller Tabak’s Matt Maley and CIC Wealth’s Malcolm Ethridge weigh in on the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Alphabet shares are plunging after missing Q3 earnings expectations on both the top and bottom lines. CFRA’s Angelo Zino explains what this means for the company going forward. Plus, despite reporting better-than-expected revenue and EPS numbers, Microsoft is warning of a PC slowdown that will likely impact growth for tech. Griffin Securities’ Jay Vleeschhouwer gives his thoughts. And, a new poll from Reuters today finds that professional forecasters believe the global economy is approaching a recession as central banks continue rising rates to bring down inflation. Van Lanschot Kempen’s Anneka Treon weighs in. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The big tech giants report results amid signs of slowing demand for smartphones, e-commerce, and digital ads. Third Bridge’s Scott Kessler gives his expectations for the sector. Plus, ahead of the S&P Case-Shiller Home Price Index release today, is the housing market cooling down? Cortland’s Brad Dillman weighs in. And, Hong Kong and Chinese stocks are falling for a second straight session following their steepest sell-off in 14 years. KraneShares’ Brendan Ahern explains what this means for China president Xi Jinping’s next move. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s a busy week for earnings, with 152 S&P 500 companies set to report. Steward Partners Global Advisory’s Eric Beiley, Decatur Capital’s Degas Wright, and KKM Financial’s Jeff Kilburg break down what to expect. Plus, with two weeks to go until the midterm elections, new polling by NBC News shows the economy is front and center for many Americans when it comes to deciding who to vote for. Stifel’s Brian Gardner gives the latest. And, in recent months, there’s been increasing scrutiny on the potential for conflicts of interest when power and influence are wielded in Washington. CNBC’s Eamon Javers reports. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shares of Snap are sinking after the company reported weaker-than-expected revenue for the third quarter. Zacks Investment Research’s John Blank dives into what this means for social media stocks. Plus, big transport operators are trying to lock a deal with unions to avoid a strike. BofA Securities’ Ken Hoexter discusses Wall Street’s worries about freight demand amid a possible recession. And, growing expectations for continued hawkish moves by the Federal Reserve roll on. UBS Global Wealth Management’s Mark Haefele, BNP Paribas’ Carl Riccadonna, and Oppenheimer Asset Management’s John Stoltzfus break down the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tesla shares are sinking after delivering a mixed Q3 earnings report after the bell yesterday. Roth Capital’s Craig Irwin discusses the future of the company. Plus, oil prices are rising today on reports that China may ease some COVID measures, possibly cutting the quarantine period for inbound visitors to seven days from 10 days. BofA Global Research’s Francisco Blanch dives into the commodity trade. And, stocks are pointing towards a lower open as inflation concerns remain top of mind on Wall Street. Capital Wealth Planning’s Kevin Simpson and Gilman Hill Asset Management’s Jenny Harrington lay out the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shares of Netflix are surging after the media company beat top and bottom earnings expectations and added over 2 million global subscribers. The Benchmark Company’s Matthew Harrigan explains why he’s still hesitant about the stock. Plus, investors are watching Tesla ahead of its Q3 numbers after the close today. The Wall Street Journal’s Tim Higgins dives into what to expect. And, stocks are trying to add to their latest win streak, with a sentiment shift going on at the retail investor level. Investopedia’s Caleb Silver discusses how investors are feeling. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.